SAO PAULO, Brazil and WOODBURY, N.Y., Nov. 14, 2013 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq:REFR) and Brazilian architectural glass fabricator Mecanica de Vidros Industria E Comercio Ltda. ("MDV Glass") announced today that MDV Glass has been licensed by Research Frontiers to offer SPD-Smart architectural products such as SPD-Smart windows, doors, partitions and skylights in Brazil.
Research Frontiers has invested over $90 million to develop SPD-Smart light-control technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic, either manually or automatically. Research Frontiers holds over 450 patents and patent applications worldwide and has built an infrastructure of over 40 licensed companies that collectively are capable of serving the growing global demand for smart glass products in automobiles, homes, buildings, museums, aircraft and boats. For more information, please visit www.SmartGlass.com.MDV Glass's license provides for a 15% royalty to Research Frontiers on sales of licensed SPD-Smart products including architectural windows, doors, skylights and partitions. The minimum annual royalties and other fees and license terms were not disclosed. For more information about MDV Glass, please visit www.mdvglass.com.br or contact: Georgios Fotopoulos President and CEO MDV Glass email@example.com +55-11-3868-9797 For further information about SPD-Smart light-control technology, please contact: Gregory M. Sottile, Ph.D. Director of Market Development Research Frontiers Inc. info@SmartGlass.com +1-516-364-1902 Note: From time to time Research Frontiers may issue forward-looking statements which involve risks and uncertainties. This press release contains forward-looking statements. Actual results could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. "SPD-Smart" and "SPD-SmartGlass" are trademarks of Research Frontiers Inc. The Research Frontiers Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6935 The MDV Glass logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=22183